A futuristic approach- industrial mathematics

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Author: 
Dr. Preeti Malik
Abstract: 

The research paper discusses the growing importance of Industrial Mathematics and its useful applications in the organizations. As we all know that modelling and asymptotic analysis appear in classical applied mathematics, but industrial mathematicians need a wide and broad knowledge of mathematical ideas, algorithms and computer. They need an understanding of the problems in industry, actually they have to understand and speak the language spoken in the industries. Industrial mathematics is a mathematical modelling and scientific computing of industrial problems. In present scenario, the Industry Manager has wide range of responsibilities. To manage them effectively, Industrial Mathematics has emerged and has gained popularity for evaluating new tools and technologies designing new products, restricting the production process, forecasting sales and staffing needs and designing jobs so that staff can progress to position of leadership, overlaying all of these activities is constant attention to high quality in the products delivered to customers and work done for the industry.

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   Vol. 07, Issue 03, March 2017

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